Investing in Singapore Condo has become an increasingly popular option in recent years. One crucial aspect to consider before making a condo investment in the country is the government’s property cooling measures. Over time, the Singaporean government has implemented various regulations to control speculative buying and maintain a steady real estate market. Among them is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign buyers and those purchasing multiple properties. While these measures may impact the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a secure environment for investors. With these measures in place, Singapore Condo remains an attractive option for those looking to invest in the country’s property market.
for $400 milSINGAPORE: Lee Chee Koon, the group CEO of CapitaLand Investment Limited (CLI), has been awarded the ‘Industry Figure of the Year’ for Asia Pacific at the PERE Global Awards 2024.The PERE annual awards, organised by the London-based publication that covers private equity real estate markets, celebrate the achievements of influential firms, individuals and notable deals over the past year. CLI was also recognized as the runner-up for ‘Firm of the Year’ in Asia Pacific in the same ceremony. The award recipients for the 2024 edition were selected by a panel of judges from PERE, instead of the previous method of shortlisting submissions and then putting them to a reader vote for the final decision.AdvertisementCLI announced on March 4 that Lee was chosen as the winner of the CEO award due to “his instrumental role in driving CLI’s exceptional growth and his significant contribution to the private real estate industry in the Asia Pacific region.”Since assuming the position of CapitaLand’s group CEO in September 2018, Lee has led the company through a series of significant developments. These include the acquisition of Ascendas-Singbridge in 2019, and the 2021 restructuring of CapitaLand Group, which saw the listing of CLI and the privatisation of its real estate development arm, CapitaLand Development. In 2024, CLI cemented its position as a prominent player in the market by investing in real estate investment manager SC Capital Partners Group, and acquiring Wingate Group Holdings’ property and corporate credit investment management business. CLI is on track to achieve its goal of managing $200 billion in funds by 2028, according to the company.